Somers Point, NJ Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Somers Point, NJ Summary

Cost of living in Somers Point research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Somers Point is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in New Jersey, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Somers Point is 106, with 100 being the average.

  • The cost of living index in Somers Point is 1.1x higher than the national average.

  • Somers Point ranks as the #28 cheapest in New Jersey out of 251.

  • Somers Point ranks as the #3,772 cheapest out of 6,412 in the US.

  • The median home value in Somers Point is $229,200.

  • The median income in Somers Point is $62,844.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
106
Somers Point's Overall Cost Of Living
1.1x
Higher Than The National Average

What is the cost of living in Somers Point, NJ?

According to the most recent data on the cost of living, Somers Point has an overall cost of living index of 106, which is 1.1x higher than the national index of 100.

Compared to New Jersey, Somers Point has a cost of living index that's 1.0x lower than New Jersey's index of 111.

The standard of living in Somers Point ranks as #28 most affordable out of the 251 places we measured in New Jersey. By definition, that implies Somers Point ranks as the #223 most expensive place in the Garden State.

For more reading on life in Somers Point, check out:

28 out of 251
In New Jersey
3,772 out of 6,412
In America

Somers Point Cost Of Living Vs. New Jersey

Six factors go into calculating the cost of living index in Somers Point. Here is how it fairs on each of the criteria:

  • The Services index in Somers Point is 98.

  • The Groceries index in Somers Point is 104.

  • The Health index in Somers Point is 93.

  • The Housing index in Somers Point is 114.

  • The Transportation index in Somers Point is 107.

  • The Utilities index in Somers Point is 97.

Living Expense Somers Point New Jersey National Average
Overall 106 111 100
Services 98 104 100
Groceries 104 104 100
Health 93 95 100
Housing 114 130 100
Transportation 107 106 100
Utilities 97 108 100
For more reading on cost of living around New Jersey, check out:
Somers Point Cost of Living Vs. NJ

Somers Point, NJ Housing Cost Breakdown

Housing swings affordability the most between places in New Jersey, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Somers Point is $229,200.

  • The Median Rent in Somers Point is $1,201.

  • The Median Income in Somers Point is $62,844.

  • The Home Value To Income in Somers Point is 3.6x.

  • The Rent To Monthly Income in Somers Point is 0.23x.

Statistic Somers Point New Jersey United States
Median Home Value $229,200 $355,700 $244,900
Median Rent $1,201 $1,436 $1,163
Median Income $62,844 $89,703 $69,021
Home Value To Income 3.6x 4.0x 3.5x
Rent To Monthly Income 0.23x 0.19x 0.2x
Search Homes For Sale In Somers Point, NJ
$229,200
Median Home Value
$1,201
Median Rent
$62,844
Median Income

Somers Point, NJ Costs By Category

Detailed Somers Point Services Costs Vs. New Jersey

Item Somers Point New Jersey
Shampoo $1.03 $1.06
Movie $10.99 $10.68
Bowling $13.51 $14.67
Haircut $18.79 $18.62
Beauty Salon $36.26 $39.05

Detailed Somers Point Groceries Costs Vs. New Jersey

Item Somers Point New Jersey
Ground Beef $4.23 $4.22
Fried Chicken $1.43 $1.39
Milk $2.48 $2.05
Potatoes $2.69 $3.29
Pizza $10.99 $10.62
Beer $9.0 $9.38
Toothpaste $1.92 $2.34

Detailed Somers Point Health Costs Vs. New Jersey

Item Somers Point New Jersey
Optometrist $113.84 $108.57
Doctor $81.68 $116.17
Dentist $101.93 $99.13

Detailed Somers Point Transportation Costs Vs. New Jersey

Item Somers Point New Jersey
Gasoline $2.25 $2.22
Tire Balancing $58.27 $50.07

Detailed Somers Point Utilities Costs Vs. New Jersey

Item Somers Point New Jersey
All Electricity $155.11 $167.67
Phone $180.04 $175.64

Somers Point SnackAbility

8
/10
Overall SnackAbility
Jobs
7/10
Housing
8.5
Affordability
6
Diversity
8.5
Safety
6
Amenities
8.5
Education
8
Commute
8

Cost Of Living In Cities Around Somers Point

The cost of living varies in the cities and towns around Somers Point. Here's a quick look at the cost of living in the most populous nearby places:

  • Pleasantville, NJ has a cost of living index of 97, 0.9x Somers Point.

  • Absecon, NJ has a cost of living index of 104, 1.0x Somers Point.

  • Northfield, NJ has a cost of living index of 109, 1.0x Somers Point.

City Population Cost Of Living Vs. Somers Point
Pleasantville, NJ 20,505 97 0.9x
Absecon, NJ 9,039 104 1.0x
Northfield, NJ 8,419 109 1.0x
Pomona, NJ 8,340 103 1.0x
Brigantine, NJ 7,890 119 1.1x
Linwood, NJ 6,957 118 1.1x

Articles About New Jersey

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